FX Trading Wants CFTC Settlement Enforced

Law360, New York (May 27, 2010, 12:48 PM EDT) -- FX Trading LLC, a firm the U.S. Commodity Futures Trading Commission claimed violated the Commodity Exchange Act, is accusing the regulator of reneging on a $130,000 settlement deal in an effort to reclaim another $140,000 from a disputed life insurance policy.

FX filed a motion to enforce the settlement, which it says the CFTC has indicated it will not honor, in the U.S. District Court for the District of New Jersey on Tuesday.

The dispute dates back to December 2005, when the court granted the CFTC’s...
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